What is your opinion on the personal income tax reform

It's nothing, it's just to pave the way for social security to pay according to the facts.

The significance and impact of the individual income tax reform are as follows:

1. It is to include the main income items that often occur in individuals into the scope of comprehensive tax. The four incomes of wages and salaries, remuneration for labor services, author's remuneration and royalties are included in the scope of comprehensive tax, and the collection and management mode of monthly or itemized prepayment, annual summary calculation, and excess refund and deficiency compensation shall be implemented.

2. It is to improve the deduction mode of individual income tax expenses. On the one hand, the standard of basic deduction of expenses will be reasonably raised, and the standard of basic deduction of expenses will be increased to 5,000 yuan per person per month, and on the other hand, six special additional deductions will be set up for children's education, continuing education, serious illness medical treatment, housing loan interest or housing rent, and support for the elderly.

3. It is to optimize and adjust the structure of individual income tax rates. On the basis of the current seven-level excess progressive tax rate of 3%-45% on wage income, the bracket of the lower tax bracket of the three levels of % will be expanded, and the range of the 25% tax bracket will be reduced accordingly, and the range of the three higher tax brackets will remain unchanged.

4. It is to promote the reform of individual income tax. Promote departmental co-governance and joint disciplinary action, and improve legal support for the tax administration of natural persons.

5. The purpose of the individual income tax reform is to effectively reduce the burden of the vast number of taxpayers and benefit the people.

6. It is an urgent need to improve people's livelihood and adjust income distribution. In recent years, the income of urban and rural residents in China has grown rapidly, and the middle-income group has continued to expand, but the gap in income distribution among residents is still large, so it is necessary to improve the tax system, appropriately reduce the tax burden of low- and middle-income people, and give better play to the role of regulating income distribution.

Laws and Regulations

Individual Income Tax Law of the People's Republic of China

Article 5 In any of the following circumstances, individual income tax may be reduced, and the specific range and period shall be prescribed by the people of provinces, autonomous regions and municipalities directly under the Central Government, and shall be reported to the Standing Committee of the People's Congress at the same level for the record

1) Income of the disabled, orphaned and elderly persons and martyrs' families;

2) Suffering major losses due to natural disasters.

Other circumstances for tax reduction may be prescribed and reported to the Standing Committee of the National People's Congress for the record. Article 2 Individual income tax shall be paid on the following personal income:

1) Income from wages and salaries;

2) Income from remuneration for labor services;

3) Income from author's remuneration;

4) Income from royalties;

5) Business income;

6) Income from interest, dividends and bonuses;

7) Income from property lease;

8) Income from the transfer of property;

9) Incidental gains.

Resident individuals who obtain the income from items 1 to 4 of the preceding paragraph (hereinafter referred to as "comprehensive income") shall calculate individual income tax on a consolidated basis according to the tax year; For non-resident individuals who obtain the income in items 1 to 4 of the preceding paragraph, the individual income tax shall be calculated on a monthly or sub-itemized basis. Taxpayers who obtain the income from items 5 to 9 of the preceding paragraph shall calculate individual income tax separately in accordance with the provisions of this Law.

Individual income tax reform is a fiscal and taxation policy implemented by the state. Individual income tax refers to the tax paid by a resident individual in accordance with the provisions of the state after obtaining various incomes. In recent years, with the rapid development of China's social economy, the reform of individual income tax has become an important issue.

The purpose of the tax reform is to improve the fairness of the tax system, encourage the development of emerging economies, and enhance national tax revenues, and it is also one of the ways to adjust the country's economic structure and achieve sustainable economic development. The reform of individual income tax involves the interests of the whole society and is an overall policy adjustment.

Since the reform and opening up, China's economy has made great progress, and the focus of economic development is to pay more attention to efficiency and fair transformation. This requires that China's individual income tax should also be changed from classified collection to comprehensive collection. The significance of this individual income tax reform is also reflected in various aspects.

First, a reform of great significance.

At this stage, China's individual income tax adopts the method of categorical taxation, and only implements a progressive tax rate for salary income tax, and high-income people can achieve the purpose of reasonable tax avoidance by adjusting their own income, so at this stage, China's individual income tax can not play a good role in adjusting income distribution. In order to give full play to the role of individual income tax in adjusting income distribution, developed countries generally implement a comprehensive tax system. Since the reform and opening up, China's economy has made great progress, and the focus of economic development is to pay more attention to efficiency and fair transformation.

This requires that China's individual income tax should also be changed from classified collection to comprehensive collection.

2. The exemption amount should be increased in a timely manner, but it should not be excessively large.

Since 2000, the state has carried out three important reforms to the individual income tax, with the main reform being the increase in the exemption amount of wage income tax (commonly known as the tax threshold). The exemption amount of wage income tax was 800 yuan in 1980, and was adjusted to 1,600 yuan, 2,000 yuan and 3,500 yuan in 2005, 2007 and 2011. With the adjustment of the amount of individual income tax exemption, the expectations and calls of all sectors of society for increasing the amount of individual income tax exemption are also getting higher and higher, and increasing the amount of individual income tax exemption has become the most important means to improve the effect of the redistribution of income from the late income of Chinese individuals.

Therefore, the draft proposes to increase China's current exemption from 3,500 yuan to 5,000 yuan.

3. Increase special deductions to reduce the burden at designated points.